Futures grain prices on the Euronext exchange in Paris (MATIF) have been on a general downward trend over the past two weeks. The recent losses were exacerbated on Monday due to the uncertainty coming from China. However, the falls appear to have bottomed out, with a flat to upward swing across the board for grain prices in Paris.
In Chicago, the opposite occurred during yesterday’s trade, with declines for both wheat and maize futures.
Europe
Futures prices for December 2015 wheat improved by more than €1/t during Tuesday’s trade, to finish on €175/t. December 2016 wheat prices were also up by more than €1/t to end the day on €184/t.
Maize prices on the Paris exchange were flat compared to the gains made for wheat. November 2015 maize prices were steady at €172/t while November 2016 maize was also flat at just under €180/t.
After taking some heavy losses over the past five days, futures prices for rape finally showed some positive momentum. November 2015 rape increased by €6/t to finish Tuesday’s trade just below €355/t. November 2016 rape prices were also up by €6/t to settle on €343/t.
Early signs from Wednesday’s trade in Paris saw futures prices for all three commodities either decreasing slightly or remaining flat.
Chicago
On the Chicago exchange (CBOT), prices over the last few days have been more resistant to market pressures compared with Europe. However, Tuesday’s trade in Chicago was difficult, with declines for both wheat and maize.
December 2015 SRW wheat prices fell by more than $3/t to finish the day below $184/t (€160/t). Similarly, December 2016 SRW wheat prices were back over $2/t to finish just over $196/t (€171/t).
Maize prices also took a hit yesterday with December 2015 maize down by almost $2/t to settle on $148/t (€129/t). December 2016 maize was also back – down by over $1/t to finish the day on $156/t (€136/t).
Overnight quotes from Chicago indicate prices for both crops are rallying somewhat after yesterday’s fall.
Read more
What’s happening in China?
Futures grain prices on the Euronext exchange in Paris (MATIF) have been on a general downward trend over the past two weeks. The recent losses were exacerbated on Monday due to the uncertainty coming from China. However, the falls appear to have bottomed out, with a flat to upward swing across the board for grain prices in Paris.
In Chicago, the opposite occurred during yesterday’s trade, with declines for both wheat and maize futures.
Europe
Futures prices for December 2015 wheat improved by more than €1/t during Tuesday’s trade, to finish on €175/t. December 2016 wheat prices were also up by more than €1/t to end the day on €184/t.
Maize prices on the Paris exchange were flat compared to the gains made for wheat. November 2015 maize prices were steady at €172/t while November 2016 maize was also flat at just under €180/t.
After taking some heavy losses over the past five days, futures prices for rape finally showed some positive momentum. November 2015 rape increased by €6/t to finish Tuesday’s trade just below €355/t. November 2016 rape prices were also up by €6/t to settle on €343/t.
Early signs from Wednesday’s trade in Paris saw futures prices for all three commodities either decreasing slightly or remaining flat.
Chicago
On the Chicago exchange (CBOT), prices over the last few days have been more resistant to market pressures compared with Europe. However, Tuesday’s trade in Chicago was difficult, with declines for both wheat and maize.
December 2015 SRW wheat prices fell by more than $3/t to finish the day below $184/t (€160/t). Similarly, December 2016 SRW wheat prices were back over $2/t to finish just over $196/t (€171/t).
Maize prices also took a hit yesterday with December 2015 maize down by almost $2/t to settle on $148/t (€129/t). December 2016 maize was also back – down by over $1/t to finish the day on $156/t (€136/t).
Overnight quotes from Chicago indicate prices for both crops are rallying somewhat after yesterday’s fall.
Read more
What’s happening in China?
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